In late January, the International Monetary Fund improved its estimate of global economic growth in 2014. The main growth, according to officials of the IMF, had to demonstrate the developed economies, primarily the United States, Japan, the leading countries of the Eurozone. These expectations have played a significant role in the recent increase in rumors about the cooling of the Chinese economy and the related risk management in developing countries. Investors aggressively pushed to reassess risks and opportunities in favor of developed economies. These expectations are realized including that against the background of improving macroeconomic indicators in developed countries will begin a gradual tightening of monetary policy, which generally increase the attractiveness of their investment and capital inflows in general. But is it really? How does the IMF forecast? And here begin strangeness. Industrial production in the euro area, according to published data on 12 February, falling below expectations, falling to 0.5% in annual terms, trade balance unexpectedly reduced. Sentiment index in German business confidence falls to the level of 55.7 points, ZEW business expectations index for the euro area as a whole falls to a value of 68.5 points. Bundesbank voiced a possibility of return to the program LTRO, the ECB official Courier-about the possibility of negative rates, and the Eurozone as a whole is under threat of deflation. The situation clearly indicates that the Eurozone economy is in need of measures to stimulate. As will be realized economic growth forecast ? Maybe growth begins in Japan? Neither. Change of GDP in annual terms, the main indicator of the economy, was only 1%, GDP growth in the 4th quarter of 0.3%, well below the forecast of 0.7%, the index of business activity in all industries went into negative territory and was -0.1%. Orders in mechanical engineering and business activity index in the services sector have gone into negative territory. Lending decline in annual revenue per employee for 2 years Abenomiki decreased by 20%. Only increases the monetary base. In such circumstances to achieve the projected growth? A similar situation in the UK. Published this week as data economy Albion clearly indicate that economic growth under serious threat - an unexpected rise in unemployment to 7.2% value growth slowdown the number of employees, and most importantly - reduction of the Consumer Price Index, which jeopardizes the growth of inflation and moves prospects of rising interest rates later this year.